www.rupeedesk.in
Telecom stocks are expected to trade positively next week as key indices continue to scale new highs with the broad market trading with positive sentiment ahead of the general elections due to start from Apr 7. However, movement in telecom stocks and the market will depend on the outcome of Reserve Bank of India's first bimonthly monetary policy for 2014-15 (Apr-Mar) due on Tuesday. By and large, market is expected to remain stable as indicated by the prevailing level of the volatility index, India VIX, which closed yesterday at 18.63 levels.
India VIX is a volatility index that measures the market's expectations of volatility in the near term. A level above 20 indicates that the market is expected to be volatile, while a level below that indicates stability. Bharti Airtel and Idea Cellular are expected to trade positively next week, but momentum in stocks of Bharti Airtel is seen stronger as it has been able to surpass key resistance levels.
Telecom stocks are expected to trade positively next week as key indices continue to scale new highs with the broad market trading with positive sentiment ahead of the general elections due to start from Apr 7. However, movement in telecom stocks and the market will depend on the outcome of Reserve Bank of India's first bimonthly monetary policy for 2014-15 (Apr-Mar) due on Tuesday. By and large, market is expected to remain stable as indicated by the prevailing level of the volatility index, India VIX, which closed yesterday at 18.63 levels.
India VIX is a volatility index that measures the market's expectations of volatility in the near term. A level above 20 indicates that the market is expected to be volatile, while a level below that indicates stability. Bharti Airtel and Idea Cellular are expected to trade positively next week, but momentum in stocks of Bharti Airtel is seen stronger as it has been able to surpass key resistance levels.
